People keep asking what I’m buying these days. Here’s the shocking thing I tell them: I don’t own anything. Nothing. Not a single stock. No crypto. No mutual funds. Zero public companies in any of my accounts. And no – I’m not waiting for some perfect crash. I just think everything’s priced like absolute garbage.
As we close out another year in the markets, wanted to wish everyone happy holidays – whatever you’re celebrating. Christmas, Hanukkah, or just some time away from the chaos that’s called trading – the important thing is stepping back and appreciating what matters. This business never stops moving, but sometimes the best strategy is knowing
I Just got off Schwab’s Big 3 Show. And I had to talk about my best trades of 2025. You know how I feel about that—bad trader juju. But here’s what matters for what’s coming next. Tesla? Yeah, caught that ride from $300 up. Wasn’t about the cars. Wasn’t about the business. It was about
Tom Sosnoff looked directly at the Chicago Board of Options Exchange executives and said the word that would haunt him forever: “Quickies.” I was 24 years old, running the slideshow, and I watched one of the smartest guys in trading completely faceplant in front of the who’s who of the options world. This was 2003,
Everyone’s talking about this morning’s rally. S&P up 0.6%, Nasdaq climbing, AI stocks getting bids. I’m looking at something completely different. While you’re staring at those green numbers, I’m watching the order flow. And it’s telling a very different story. 118,000 Contracts is a Crap Fest This morning’s pre-market action in the S&P futures? 118,000
I’m sitting here getting frustrated, waiting for my reversal, and I’m just not getting it. But you know what? I’m not gonna force anything in what is a fairly slop marketplace. That’s the thing nobody tells you about professional trading – sometimes the best trade is no trade, and it pisses you off. Right now,
I Just wrapped up another Schwab TV appearance, and I had to break some hearts today. Everyone’s losing their minds over Netflix and this Warner Bros merger saga. Here’s what I told them – push the noise aside and look at what the chart’s actually saying. Sometimes the obvious contrarian play sitting right in front
I don’t look at bubbles from the top down. I look at them from the bottom up. It’s all the pieces of crap that got pulled higher. While everyone’s losing their minds over Oracle cratering 40% from its September peaks, they’re missing where the real carnage lives. Sure, AI stocks are finally getting their reality
Look, you wanna really get me going? Start talking about LEAPs. Long-term equity anticipation securities. Don’t even get me started on LEAPs. I hate LEAPs. Actually, scratch that – I’m already started, so let’s do this. Anybody that actually uses LEAPs doesn’t know what the beep they’re even doing in this business. I guarantee that.
Look, I’m gonna tell you something that might save you a fortune in the coming weeks. All this hand-wringing about Friday’s selloff, all the panic about AI rotating into financials – you haven’t seen real selling yet. You know how I know? Because I lived through this exact playbook 25 years ago, and what’s happening
